Project Update13 Apr 2026, 01:46 pm
NCL Industries approves 50 MW Solar & Wind project, ₹392 Cr investment
AI Summary
NCL Industries' Board approved Phase 1 of a 130 MW Solar and Wind Power Project in Tuticorin, Tamil Nadu. The initial 50 MW phase is estimated to cost ₹392 crores, funded by debt and internal accruals, with the full 130 MW project costing ₹919 crores and scheduled for commissioning by February 2028. The project aims to meet captive power needs and enable power sales. Additionally, the Board reviewed a fine levied by NSE, emphasizing strict adherence to SEBI (LODR) Regulations and advising management to stay updated on regulatory changes.
Key Highlights
- Board approved Phase 1 of a 130 MW Solar & Wind Power Project.
- Initial 50 MW phase to cost ₹392 crores, funded by debt and internal accruals.
- Total 130 MW project investment is ₹919 crores, commissioning by Feb 2028.
- Project aims for captive power requirements and sale of power.
- Board emphasized strict adherence to SEBI (LODR) Regulations after NSE fine.